Crypto Mondays Andorra

3rd edition · Bitcoin as money

Debating whether Bitcoin is money usually ends up being about price. The more useful question is another: under what conditions an asset becomes money, and which of those conditions Bitcoin is —or isn't— meeting.

In this third edition we sit down with Prof. Dr. Joaquín Azpitarte, Academic Vice-Rector at UNIPRO Universitat Digital Europea, PhD in Economics (URJC) and industrial engineer, trained in the Austrian School tradition under Prof. Jesús Huerta de Soto.

Rather than a defence or a critique of Bitcoin, the session proposes a structural reading: separating what Bitcoin is today from what would have to happen, technically and institutionally, to perform the functions of money in a stable way.

• What monetary theory requires for an asset to function as a medium of exchange, store of value and unit of account.
• Where Bitcoin fits that definition, where it doesn't, and what would have to change to tip the balance.
• The role of contemporary monetary policy as a driver —or not— of adoption.
• Implications for institutional investors: Bitcoin as a monetary asset versus Bitcoin as collateral.